According to internal documents obtained by the online magazine Motherboard, AT&T is preparing for a significant round of layoffs in the coming months. I hope the company can retain as many jobs as possible and provide employees that are impacted with enough time and resources for an easy transition. Unfortunately, companies rarely give employees much advance notice. So, what should you do if you find yourself suddenly laid off?
Although our financial lives are all different, we tend to look for one-size-fits-all solutions to our financial challenges. Take debt, for example. There are two effective methods that will help you pay down debt: the debt snowball and the debt avalanche. Instead of taking the time to consider which method is most appropriate for their financial situation, most people just want to know: “Which method is the best, the snowball or the avalanche?”
Retirement is about utilizing each dollar of your accumulated wealth to live comfortably on your terms and, hopefully, fulfill some of your biggest dreams. At least, this is how retirement is supposed to work. Unfortunately, people too often find their financial futures hindered by debt.
A common mistake we see when helping AT&T employees plan for the future is an excessive amount of their retirement savings invested in AT&T stock. While it can be rewarding to own a share of a respected company like AT&T, it is risky from a retirement planning perspective.
On January 3, 1993, the Buffalo Bills miraculously pulled off a 41-38 overtime upset over the Houston Oilers in an AFC playoff game that remains the largest come-from-behind victory in NFL history. To this day, it is commonly referred to as “The Comeback.” Such an unbelievable, overcoming-the-odds story can provide some much-needed inspiration to those nearing retirement age with little to no savings.
There are many great reasons to be a stay-at-home parent. To name a few, it can make financial sense when you factor in the costs of daycare. You and your spouse don’t have to juggle two busy work schedules. And, most importantly, you get to spend valuable time with your children as they grow.
The end of the year is giving season, but tax reform has changed the rules for charitable contributions. Many donors won’t receive the same tax breaks like in years past. However, there are two giving options available that will allow some donors to preserve those charitable tax deductions.
As a trusted financial adviser to many AT&T employees and retirees, we wanted to inform you about recent interest rate changes that will affect your pension payout. If you are planning to retire soon, please review this important information.
Behavioral finance, or economics, studies the effects of psychology in the economic decision-making processes of individuals. Based on research in this field, it turns out people aren’t as rational as they think. Certain mental biases cause people to make financial decisions that might not be in their best interests. That includes everything from how people shop to how they save – or don’t – for retirement.
How would you like to become an AT&T 401(k) millionaire? The steps to achieving millionaire status are simple; the hard part is exercising the discipline to build a plan and stick with it. Certainly, it’s easier said than done, but the rules make it a very attainable goal.
